International conference on construction engineering and project management (국제학술발표논문집)
- 2009.05a
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- Pages.440-448
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- 2009
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- 2508-9048(eISSN)
A CONCEPTUAL FRAMEWORK FOR CONCURRENT CONSTRUCTION PLANNING
- Euysup Shim (Department of Technology, Illinois State University) ;
- Kenneth Reinschmidt (Department of Civil Engineering, Texas A&M University)
- Published : 2009.05.27
Abstract
Concurrent construction (or overlapping) is an alternative project delivery process to reduce time-tomarket such that the owner can get higher profits; the increased profits due to shortened project duration would exceed the loss of profits from the increased cost, if any. For more effective concurrent construction, a new conceptual framework for concurrent construction planning is suggested. With multiple work methods available in each activity, the performance of overlapping between two activities in terms of cost is affected by the compatibility between work methods selected and the benefit to the project owner is determined by internal rate of return (RoR). The impact of the compatibility between work methods and the conceptual framework are explained by a hypothetical case study.
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